Question
(c)MauBank Ltd has made an interesting offer on loans for all first-time buyers of a house having the following particulars: Loan amount: Rs 3,500,000 Rate
(c)MauBank Ltd has made an interesting offer on loans for all first-time buyers of a house having the following particulars: Loan amount: Rs 3,500,000 Rate of interest: 4% per annum (Annualised Percentage Rate) Maturity period: 30 years Calculate the monthly payment.
(d) John who is 28 years old, plans to retire at the age of 60 with an accumulated lump sum of Rs2.5M. Calculate his monthly contribution assuming an Annualised percentage rate of 8%.
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Managerial Accounting
Authors: Davis, Charles E., Elizabeth
1st Edition
0471699608, 978-0471699606
